U.S. National Debt

[Galleleo]

The pound has been a strong currency throughout it's existence, even now it's still stronger than the Euro and way stronger than the dollar. The only thing that saved the dollar during this crisis is that it is the world currency, the Pound doesn't even need that to maintain it's strength.

[Squeezer]

You realize that by never paying that back you'll eventually ruin yourself? And more so because of China than any other country. Because eventually it will kill the dollar, and once it has killed the dollar enough for the world to switch over to a new currency, it's bye bye USA.

Yes, sort of like how sticking with the Pound completely sunk Britain overnight while the rest of Europe leaves hedonistic fantasy lives thanks to the almighty Euro.

IT WILL BE BY BY USA, POEVERTY FOREVER AND TOMORROW

[paradise!]

a little debt never hurt anyone!!!!!!!











































oh wait, poor EU.

[Zeebu]

but ours go to 11

[Galleleo]

so you dutchies, canadiens and other forms of foreign fagbags realize we are never paying that debt back right?

it's called a long con and you will continue investing in our spoiled, consumer culture.

You realize that by never paying that back you'll eventually ruin yourself? And more so because of China than any other country. Because eventually it will kill the dollar, and once it has killed the dollar enough for the world to switch over to a new currency, it's bye bye USA.

[Squeezer]

so you dutchies, canadiens and other forms of foreign fagbags realize we are never paying that debt back right?

it's called a long con and you will continue investing in our spoiled, consumer culture.

[Tigron-X]

Last I checked, I never signed a contract or recieved a dime, so I don't owe a damn thing.

[L.C.]

http://www.usdebtclock.org/

[PH]

Brazil National Tree

jk no trees to see here move along folks

[D1st0rt]

Look what happened to Greece....

SALES ARE UP!

[Ilya]

thanks for the update

[Cornelius]

13 trillions.. Growing faster and faster

The Outstanding Public Debt as of 23 May 2010 at 10:42:19 PM GMT is:

$13,000,317,461,486.50


The estimated population of the United States is 308,428,945
so each citizen's share of this debt is $42,150.12. The National Debt has continued to increase an average of
$4.12 billion per day since September 28, 2007!

http://www.brillig.com/debt_clock/

Look what happened to Greece....

[Xog]

Cornelius.

Now that's a name.

[Cornelius]

Usa borrows money from china
americans get employed and get money
americans buy products from china.

then usa borrows more money.

debt goes up.

[Cops]

You're bashing liberalism instead of looking at who has contributed to this problem, and throwing it all on liberals isn't fair nor is it factually accurate. Letting capitalists run rampant without any regulation caused this economic downturn. Look a little to your right to see who is to blame.

I'm going going to post a quote, rather than trying to summarize it and possibly butchering it in the process;

"Keynes argued that a lassez-faire philosophy was harmful during economic downswings and that the state should intervene in the economy, encourage low interest rates, and adopt a fiscal policy that injects money into the economy through increased public expenditure or lower taxes." (Global Politics, pg 126)

"While this might require running budget deficits in the short term (in effect, governments would borrow money to spend on public works projects) this would benefit society in the long run by increasing employment, and therefore demand, production, and investment." (Global Politics, pg 126)

fuck citing, the isbn number is 978-0-17-641677-5 if you're curious.